Real Estate Institutional Investing and Fund Management

In this course, you will learn about real estate investing in an institutional context, which means from the perspective of a private equity fund, pension fund or a developer.

Real estate investing is both an art and a science. To understand real estate and be a great real estate investor, you need to learn multiple disciplines, such as finance, economics, and politics.

This course covers the multi-disciplinary and financial aspects of real estate investing (debt financing, deal structuring, financial modelling, transaction execution, portfolio concepts) and also regeneration and placemaking.

Because at the end of the day, real estate is all about creating beautiful places that people like to live and work in. Buildings can transform lives and bring communities together.

So being an excellent real estate investor is not just about crunching the numbers but about appreciating aesthetics, history, and heritage. It’s also about understanding communities, what people want and need.

Andy Warhol said: “Being good in business is the most fascinating kind of art. Making money is art and working is art, and good business is the best art”.

This course gives you a good overview of all these aspects.

You will discover:

• Real estate as an asset in a context of an investment portfolio

• Types of real estate acquisitions

• Portfolio strategies

• Career options in institutional real estate investing

• Introduction to valuation approaches

• Waterfall distribution

• Key concepts and metrics

• Regeneration and placemaking principles

You will know what a career as a real estate fund manager at an asset manager like Blackrock or a private equity firm involves, and you will have a comprehensive overview of institutional real estate investing.

You’ll also feel inspired and excited about working in real estate or learning more about the sector in more detail.

This course does not cover:

• Flipping and renting houses or where to buy houses

• Personal investing

• Specific markets and where to invest

• Actual deals/transactions. All deals I worked on are highly confidential, so there is no covering of any real deals. This course is theoretical only.

• Financial modelling

This course covers breadth rather than depth. Each session within the course could easily be expanded into a separate stand- alone course, as real estate investing is a complex and technical area. As an introductory course, this course is intentionally short (2 hours) since we are all short on time these days.

In detail, the course consists of 20 topics, covering:

1. What is Real Estate?

2. What is Institutional Investing?

3. Real Estate as an asset class

4. Real Estate characteristics

5. 4 types of real estate investment

6. Types of real estate acquisitions

7. Portfolio strategies

8. Different types of funds and characteristics

9. Key stakeholders in real estate

10. Career options in real estate

11. Different real estate sectors

12. Real Estate development deal structure

13. Real estate development process

14. Real Estate transaction lifecycle

15. Development financing

16. Real Estate valuation approaches

17. Key terms and metrics in real estate

18. Waterfall distribution cashflow (promote)

19. Regeneration and placemaking principles

20. Walkthrough of an example of a financial model